Morning Megawatt 6 October 2017

All-India RTC clearing price touched 3-year high with a jump of 14% to Rs 5.61/kWh. The buy bids volume increased for a fourth consecutive trading session to 239 MUs while sell bids volume reported an increase of 11% to 137 MUs.

WESTERN REGION: Gujarat increased procurement from IEX by 10 MUs. As per revision #26 (6 October) the supply schedule from central sector power plants was lower by 5 MUs compared to that on 5 October. Gujarat continued to suffer from outages at central as well as state sector power plants on 5 October and had to receive several power units that it had shutdown earlier due to costly generation. On 6 October, a 660 MW unit of Adani Power Mundra was shutdown due to low coal supply. At present, 1,980 MW capacity at the Adani power plant are shut due to coal shortage.

NORTHERN REGION: A 600 MW unit at state-owned Rajiv Gandhi thermal power plant in Haryana was revived on 5 October. The unit had been shut since 17 September due to coal shortage. Uttar Pradesh also increased procurement from IEX by more than 6 MUs. While the supply from central power plants to the state increased, either the demand increased or supply from state-sector power plants reduced forcing increased procurement from IEX.